I would say you're probably better off with the OrangeRX T-SIX from hobbyking. It has 6 channels, and the UI is much better. I think it costs less as well, and you can use it with cheap 2S lipos.
Alternatively, if you're willing to throw down about $90, get yourself a Turnigy 9XR with a DSM2-DSMX module, and you'll never need another transmitter.
Also, one of my favorite receivers is this one ($10):
Mini 5 Channel DSM 2
I own 3 so far, and I've never had a cutout. The OrangeRX line from HK is good too, but then you usually have international shipping.
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